[ballplayer]

This Information about these Derivatives has been Out there from the Beginning ,I read stories on Free republic when this whole mess began ,there has been so much distraction to other issues it makes your head spin. I believe that NO ONE knows what to do about this .
Glen Beck on his show mentioned that he heard George W Bush make a Statement to someone after learning the extent of this problem that “IF we Survive “ they will continue or move on. I believe this is what he was told about ,all this other stuff is peanuts compared to this

[BikerJoe]

This Information about these Derivatives has been Out there from the Beginning ,I read stories on Free republic when this whole mess began ,there has been so much distraction to other issues it makes your head spin. I believe that NO ONE knows what to do about this .

The liabilities are theoretical and don't even show "on the books" (i.e. in a company statement). They aren't regulated or covered by any kind of gov't insurance. What would happen if the governments of the world just declared them "Null and Void"? Viola, no more problem. I haven't yet heard a solid argument against doing this.